‎Knowledge Net issues prospectus to float 700,000 shares on Nomu

‎Knowledge Net issues prospectus to float 700,000 shares on Nomu

Knowledge Net Co. issued today the prospectus to list 700,000 shares, or 20% of capital, on Tadawul's Nomu-Parallel Market.

The Capital Market Authority (CMA) approved in December the application received from the company to register its shares for direct listing on Nomu.

The offering period will start from Feb. 26 to Mar.2, the company added.

The company was established in 2000 as a limited liability company with a capital of SAR 500,000. In 2021, it converted into a closed joint stock company, and its current capital is SAR 35 million.

The company's activity, as stated in the Articles of Association, is the practice and implementation of information and communications, wholesale and retail sale, and repair of motor vehicles and motorcycles.